Anchorage Digital tapped as staking partner and custodian for REX-Osprey Solana + Staking ETF
Quick Take
- The new ETF from REX Shares and Osprey Funds is the first U.S.-listed crypto ETF to combine token exposure and staking rewards.
- There are at least 60 more altcoin ETF proposals awaiting SEC review and potential approval.
Anchorage Digital notched a major win in the race to bring staking into the U.S. ETF arena.
The federally chartered digital asset bank has been named exclusive custodian and staking partner for the newly launched REX-Osprey Solana + Staking ETF — the first U.S.-listed crypto ETF to combine token exposure and staking rewards within a regulated 1940 Act structure.
Unlike the recent wave of spot BTC and ETH ETFs registered under the 1933 Act, the new REX-Osprey ETF falls under the more rigorous Investment Company Act of 1940. That distinction means a qualified custodian must hold assets, and Anchorage is currently the only federally regulated bank approved to both custody and stake digital assets. The ETF offers direct exposure to SOL, with staking rewards passed through to investors.
"Staking is the next chapter in the crypto ETF story," Anchorage CEO Nathan McCauley said in a release. "This launch marks a major step forward in giving institutions full access to the crypto ecosystem in a regulated package."
In May, REX Shares and Osprey Funds submitted filings to the U.S. Securities and Exchange Commission seeking approval to launch C-corporation ETFs focused on Solana and Ethereum, The Block previously reported. The proposed funds would also stake a portion of their holdings to generate additional yield. Management fees for both funds are 0.75% and the income-tax accrual could cause overall fees to be higher most of the time.
The ETF utilizes Anchorage's end-to-end platform, which supports both secure custody and staking delegation via partner validators. It also reinforces Anchorage's growing role as a core infrastructure provider for institutions demanding regulatory clarity and staking yield, according to the release.
Greg King, CEO of REX Shares, called the product "the next evolution of digital asset ETFs," noting that Anchorage's ability to support staking inside a compliant fund structure was essential to making it work. For Anchorage, this milestone deepens its entrenchment as the go-to custodian for institutions as the ETF market shifts from passive exposure to active yield strategies.
There are dozens of altcoin ETF proposals awaiting SEC approval. On Wednesday, the SEC approved Grayscale's mixed crypto fund, which experts say signals momentum for other ETF proposals.
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